Assume that we have an acquisition. But, we dont yet know who the investor is. Here are the facts:

Company A	Company B
Issued stock valued at $72.0 billion	Exchanged all of its stock for the stock issued by Company A
Can elect one-half of the Board of Directors	Can elect one-half of the Board of Directors
Its Chairman will succeed the Chairman from Company B in 3 years	Its Chairman will become Chairman of the new entity for the first 3 years
Its CEO will become CEO of the combined company	Its CFO will become CFO of the combined company

a. Which company is the acquirer in your opinion? AnswerCompany ACompany B

b. Now, assume the following facts about the financial profiles of these two companies.

Fair Values	If Company A is deemed to be the Subsidiary	If Company B is deemed to be the Subsidiary
Tangible net assets	$36.0 billion	$15.0 billion
Identifiable intangible assets	18.0 billion	30.0 billion
Total	$54.0 billion	$45.0 billion

Determine the fair values of the identifiable net assets (and goodwill, if any) assuming the transaction qualifies as a business combination and Company A is the accounting acquirer. Then, determine the fair values of the identifiable net assets (and goodwill, if any) assuming the transaction qualifies as a business combination and Company B is the accounting acquirer.

Enter answers in billions

($ billions)	If Company A is the accounting acquirer	If Company B is the accounting acquirer
Identifiable net assets	Answer	Answer
Goodwill	Answer	Answer